The Progressive Corporation (NYSE:PGR)went up by 1.79% from its latest closing price when compared to the 1-year high value of $84.96 and move down -16.46%, while PGR stocks collected +0.54% of gains with the last five trading sessions. Press Release reported on 11/13/19 that Progressive Reports October 2019 Results
The Progressive Corporation (NYSE:PGR) Worth an Investment?
The Progressive Corporation (NYSE: PGR) scored price to earnings ratio above its average ratio, recording 13.65 times of increase in earnings at the present.
PGR Market Performance
PGR stocks went up by 0.54% for the week, with the monthly jump of 0.11% and a quarterly performance of -5.86%, while its annual performance rate touched 1.90%. The simple moving average for the period of the last 20 days is 3.48% for PGR stocks with the simple moving average of -3.67% for the last 200 days.
Analysts’ Opinion on The Progressive Corporation (NYSE:PGR)
Many brokerage firms have already submitted their reports for PGR stocks, with JP Morgan repeating the rating for PGR shares by setting it to “Neutral”. The predicted price for PGR socks in the upcoming period according to JP Morgan is $79 based on the research report published on November 12, 2019.
Evercore ISI, on the other hand, stated in their research note that they expect to see PGR stock at the price of $78. The rating they have provided for PGR stocks is “In-line” according to the report published on October 17, 2019.
B. Riley FBR gave “Buy” rating to PGR stocks, setting the target price at $96 in the report published on June 13, 2019.
PGR Stocks -0.89% Far from 50 Day Moving Average
After a stumble in the market that brought PGR to its low price for the period of the last 52 weeks, The Progressive Corporation was unable to take a rebound, for now settling with -14.14% of loss for the given period.
The stock volatility was left at 1.97%, however, within the period of a single month, the volatility rate increased by 1.92%, while the shares surge at the distance of +2.07% for the moving average in the last 20 days. In oppose to the moving average for the last 50 days, trading by -4.68% lower at the present time.
In the course of the last 5 trading sessions, PGR went up by +0.54%, which changed the moving average for the period of 200 days to the total of +8.41% of gains for the stock in comparison to the 20-day moving average settled at $70.57. In addition, The Progressive Corporation saw 20.92% in overturn over the period of a single year with a tendency to cut further gains.
PGR Stock Insider Trading
Reports are indicating that there were more than several insider trading activities at The Progressive Corporation (PGR), starting from Broz Steven, who sold 5,000 shares at the price of $70.84 back on Oct 18. After this action, Rushing now owns 25,295 shares of The Progressive Corporation, valued at $354,206 with the latest closing price.
Sauerland John P, the VP and Chief Financial Officer of The Progressive Corporation, sold 12,000 shares at the value of $77.58 during a trade that took place back on Aug 16, which means that Sauerland John P is holding 369,073 shares at the value of $930,946 based on the most recent closing price.
PGR Stock Fundamentals
The current profitability levels are settled at +10.61 for the present operating margin. The net margin for The Progressive Corporation stands at +8.17. Total capital return value is set at 23.81, while invested capital returns managed to touch 18.80. Equity return holds the value 25.90%, with 6.30% for asset returns.
Based on The Progressive Corporation (PGR), the company’s capital structure generated 40.70 points for debt to equity in total, while total debt to capital is set at the value of 28.93.
The value for Enterprise to Sales is 1.30 with debt to enterprise value settled at 0.11. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.57.